Peru’s US$4.5b lawsuit against Repsol over oil spill to go to court

Peru’s US$4.5b lawsuit against Repsol over oil spill to go to court
Peru’s US$4.5b lawsuit against Repsol over oil spill to go to court

Hello and welcome to the details of Peru’s US$4.5b lawsuit against Repsol over oil spill to go to court and now with the details

Nevin Al Sukari - Sana'a - A worker cleans up an oil spill at the beach as demonstrators take part in a protest outside Repsol's La Pampilla refinery against the recent oil spill that has caused an ecological disaster on the coasts of Lima, in Ventanilla, Peru January 29, 2022. — Reuters pic

LIMA, Aug 24 — A Peruvian judge yesterday admitted a US$4.5 billion (RM20.2 billion) lawsuit against Spanish oil firm Repsol SA, eight months after an underwater oil pipeline owned by the company caused a spill of over 10,000 barrels into the Pacific Ocean.

The civil lawsuit seeking US$3 billion for environmental damage and US$1.5 billion for damages to locals and consumers was filed by Peru’s consumer protection agency Indecopi.

Repsol has said the lawsuit is meritless, the sum demanded is arbitrary, and that the spill was not its fault.

The proceedings, however, add to Repsol’s legal troubles. The company is also facing a criminal investigation over the spill and prosecutors have barred four top executives from leaving the country for 18 months.

Peru has called the incident the country’s worst environmental disaster in recent memory.

Repsol said in May that cleanup of the spill would cost it US$150 million.

Indecopi has alleged that environmental damage is continuing to affect beaches and fishermen.

“We are looking to get compensation for the affected population...that lives within 150 kilometres of contaminated coast,” said Julian Palacin, the head of Indecopi, in a statement.

The spill took place in January at Repsol’s La Pampilla refinery, located an hour north of capital Lima. Repsol initially blamed the incident on anomalous waves triggered by an underwater volcanic eruption near the island of Tonga, but has since shifted blame to an oil tanker.

Others named in the suit include insurer Mapfre Global Risks and Italian firm Fratelli D’Amico Armatori SPA, which owns the crude tanker from which the oil spilled. — Reuters

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